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First Line|BTC hits new high again during the day, MicroStrategy will issue $2.6 billion in bonds to purchase BTC
Daily Digest: BTC ETF saw a daily inflow of $760 million, MicroStrategy plans to purchase BTC with the issuance of $2.6 billion in bonds.
According to Farside Investor data, the US SpotBTCETF had a net inflow of $760 million yesterday. Among them, BlackRock IBIT had an inflow of $625 million, and Fidelity FBTC had a net inflow of $134 million.
Yesterday, the US Ethereum Spot ETF saw outflows of $47 million. Among them, Fidelity's FETH saw outflows of $30.7 million, Grayscale's ETHE saw outflows of $16.3 million, and BlackRock's ETHA data has not yet been updated.
ETH/BTC exchange rate hits a nearly three-year low, reaching 0.033
According to the market information from gate, the ETH/BTC Exchange Rate has fallen to 0.033 and is now reported at 0.03303, with a 24-hour decline of 2.88%, reaching the lowest point since April 2021.
MicroStrategy issues $2.6 billion in bonds to purchase BTC, with its Bitcoin Holdings enjoying a floating profit of $14.85 billion.
MicroStrategy announced that it will issue $2.6 billion worth of convertible senior notes and use the proceeds to purchase BTC. The issuance size of this issuance is larger than the previously announced principal amount of $1.75 billion, and the issuance is expected to be completed on November 21, 2024.
These notes will be MicroStrategy's unsecured senior debt and will not bear interest periodically, and the principal of the notes will not increase. Unless redeemed, repurchased or converted in accordance with their terms, these notes will mature on December 1, 2029. On or after December 4, 2026, MicroStrategy may redeem all or any portion of the notes for cash at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid special interest.
According to market information, MicroStrategy Market Cap has surpassed $100 billion today, with the current Market Cap at $111.39 billion. The stock price has increased by 14.64% during today's trading session, reaching a new high of $494.69. MicroStrategy has also entered the top 100 US listed companies by Market Cap, ranking 33rd on the Nasdaq, 89th on the S&P 500, and 85th among US listed companies by Market Cap.
MicroStrategy BTCHoldings also hit a historical record today, with the BTC price breaking through $94,000 to a new high. As of today, it holds a total of 331,200 BTC, with a total purchase cost of approximately $16.5 billion and an average purchase price of $49,874. The current total value of BTCHoldings is $31.39 billion, with a floating profit of over $14.85 billion.
Market Analysis: BTC hits new highs again during the day, while AltCoins generally fall
Market Hotspots
Leading tokens ACT, PNUT, RIF, GOAT, etc. which previously led the market, have experienced a sharp decline as the market enters a cooling-off phase after the frenzy. Currently, we are still waiting for the emergence of the next market hot spot narrative, and AI MEME is still a zone favored by funds;
Dog-related meme coin FLOKI pumps against the trend. FLOKI is a meme coin often mentioned by Musk on Twitter during the last Bull Market, with a highest Market Cap close to 3 billion USD. Currently, FLOKI is near its all-time high, ranking 40th in Market Cap. In the overall market downturn, FLOKI's rise potential is estimated to be not significant.
Market Trend
BTC once touched $94,950, hitting a new all-time high. BTC ETF has seen a significant inflow for several days, and the crypto-friendly environment after Trump's election is a potential huge Favourable Information for BTC.
ETH remains in narrow Fluctuation below $3100, and ETH has performed relatively poorly in this round of the market, with increasing market doubts;
AltCoins are generally falling, with strong coins like GOAT and PNUT plummeting 20% intraday. The market is waiting for fresh stories.
Macro News: US stocks rise and fall, NVIDIA falls after financial report
The three major US stock indices have different performances, with the S&P 500 rising by 0.00% to 5917.11 points; the Dow Jones Industrial Average rising by 0.32% to 43408.47 points; and the Nasdaq Composite falling by 0.11% to 18966.14 points. The 10-year Treasury yield, Benchmark, is 4.41%, while the 2-year Treasury yield, the most sensitive to the Federal Reserve's Interest Rate policy, is 4.31%.
As the company with the highest Market Cap in the world, Nvidia's latest financial report data has received a lot of attention. After the US stock market closed, Nvidia announced its financial report data for the third quarter of the 2025 fiscal year, with third-quarter revenue of $35.08 billion, a rise of 94% year-on-year; net profit of $19.309 billion, a rise of 109% year-on-year. Nvidia CEO Jensen Huang said that the Blackwell chip is currently in full production and is expected to be in short supply in the coming quarters. After the financial report was released, Nvidia's stock price fell about 5% after hours, and then the decline narrowed. As of the time of writing, the after-hours fall was nearly 2%.
Author: Icing This article represents only the author's point of view and does not constitute any trading advice. Investment involves risks, and decisions should be made cautiously. This content is original, and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibilities will be pursued.